Friday, December 28, 2012

The Wall Street Journal reports that the business of
investing in portfolios of distressed single-family homes has come to the point
in its current cycle that investors who got into the game early are beginning
to cash out. Read More.

Single-family rental housing is the subject of a brief in
the latest edition of Units magazine.
Simply stated: demand is outstripping supply.Families who have lost their homes to foreclosure are generally unable
to qualify for new mortgages, so they seek out single family rentals and demand
has increased by more than 2 percent in some markets.

According to CoreLogic, Inc., without additional single
family rentals coming to market, the entire supply of for-lease houses
available in August would have been gone in about 2.6 months, that compares to a
3.2 month supply a year earlier.

Wednesday, December 26, 2012

Recent FDIC data says that banks have loaned over $700 million to developers constructing apartments in the Portland metro area. This number is a low estimate, as it does not include loans by out of state banks like Bank of America and Wells Fargo. Check out the story in the Business Journal.

Wednesday, December 12, 2012

The Portland/Vancouver/Beaverton metro area ranked among the nation’s best-performing apartment markets as of 3rd quarter. The metro’s occupancy rate of 96.5 percent well exceeded the national norm, as did the 5.2 percent growth rate in effective rents for new leases.

Tuesday, December 11, 2012

Located in downtown Klamath Falls, this 47-unit apartment building also boasts approximately 18,500 sq. ft. of retail space. Rents are increasing and retail is stabilized with triple-net leases in the restaurant and dance hall.

The Elk Apartments was originally built in 1929 as the Elk Hotel and was converted to apartments in the 1980's. The building has elevator service and parking is available to residents and retail tenants.

This exciting January presentation features economist John W. Mitchell and HFO partner Greg Frick. Mr. Mitchell -- former economist with US Bancorp Western Region -- will provide an up-to-the-minute state of the national and local economy. Greg Frick will share the official HFO Apartment Market Report - a 2012 Market Recap and our 2013 Forecast. Space is limited to 300 apartment investors and is already over 50% full!

Wednesday, December 5, 2012

Apartments being developed without parking in SE Portland continues to be a hot topic among neighborhood associations and community advocates. This month's issue of The Southeast Examiner offers two perspectives on the issue.

The first is from Lee Perlman, who writes "Some say allowing large new apartments without off-street parking decreases neighborhood livability and endangers business vitality. Others say parking is still available, if not convenient, and parking requirements increase rents and work against City goals." The full article can be found here.

The second perspective was written by Don MacGillivray, who concluded that "Neighborhoods want a stronger voice in the planning of such projects. This was promised by the City in the Public Involvement Principles adopted in 1996 and 2010." Don MacGillivray's story can be found here. (Scroll down.)

MacGillivray points out that these issues will become part of the discussions about the Comprehensive Plan update that is underway.

The first draft of this plan will be available for public review and comment in late 2012 or early 2013.

Monday, December 3, 2012

Today's Oregonian features an article about a generation of homeowners underwater on their mortgages. By some reports half of homeowners under 40 are "upside down." Many cite this as a reason that Generation Y fear buying homes and prefer to rent.Read more at the Oregonian.

(c) HFO Investment Real Estate, LLC

HFO Investment Real Estate LLC

2424 SE 11th Avenue

Portland, OR 97214 (503) 241-5541

Cody Hagerman, Principal Broker, licensed in Oregon & Washington

Portland-based HFO was founded in 1999 and specializes in the apartment sector of the commercial real estate market. The company is known for more than its ability to attract the largest possible pool of buyers. By offering additional client benefits including complimentary industry-specific events, market news, and original video programming via HFO-TV and Multifamily Marketwatch podcasts. HFO is a thought-leader within its category. From its inception, HFO has operated in sharp contrast to most of its industry competitors, using intra-office collaboration to provide service to more customers through sales velocity and loyal client relationships.